USD/CAD may fall 19 - 34 pips

Pivot

1.3725

Our preference

Short positions below 1.3725 with targets at 1.3675 & 1.3660 in extension.

Alternative scenario

Above 1.3725 look for further upside with 1.3755 & 1.3780 as targets.

Comment

The break below 1.3725 is a negative signal that has opened a path to 1.3675.

Supports and resistances

1.3780

1.3755

1.3725

1.3694 Last

1.3675

1.3660

1.3640

Number of asterisks represents the strength of support and resistance levels.